It’s AJOY Blog

EST. 2009

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Bookkeeping and Books, Business Start-Up, Running a Business, Starting a Business, Startup Costs, Tax Tips Tuesday Brooks Bookkeeping and Books, Business Start-Up, Running a Business, Starting a Business, Startup Costs, Tax Tips Tuesday Brooks

Are Legal Fees Deductible?

So many questions pop up all the time for small business owners, especially when it comes to taxes and determining what is and isn’t deductible. Naturally, we want to deduct as many legitimate business expenses as possible to lower our taxable income and lessen our tax burden. Sometimes, however, it can be hard to figure out which expenses are deductible in our specific industry.

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Information presented here should not be construed as legal, tax, or accounting advice. No one should act on such information without retaining appropriate professional advice based on a thorough examination of the particular situation.